WSSU Continues Plans To Purchase Stadium

Winston-Salem State’s Board of Trustees voted in favor of using bonds to purchase Bowman-Gray Stadium. (Garrett Garms/WSSU photo)

Winston-Salem State’s football team may be in the midst of a road trip, but Bowman Gray is definitely at the forefront of the university’s mind. The Winston-Salem Journal reports that the university’s Board of Trustees voted in favor of moving ahead with the stadium’s purchase via special obligation bonds.

“The bonds would be used to finance the purchase of Bowman Gray and a total of 94 acres, including Civitan Park. WSSU’s board had to approve the resolution before the board of governors could take further action. 

According to school officials, the amount needed to acquire the stadium, about $7 million, was small so it made more sense for WSSU to use special obligation bonds than to pursue long-term financing.”

The school has been working to purchase the stadium, just off its campus, for several years. This summer, NC legislators supported a deal that would allow the purchase to continue.

Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

On the field. Behind the basket. In the pressbox. Bringing you HBCU Sports like you've never seen it before.

Copyright © HBCU Gameday 2012-2019 Unauthorized use and/or duplication of this material without express and written permission from HBCU Gameday is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to HBCU Gameday with appropriate and specific direction to the original content.

To Top